Sunday, 16 June 2019

Business

Russia’s Kaspersky Lab launches free antivirus software globally

MOSCOW-based Kaspersky Lab on Tuesday announced it was rolling out a free version of its antivirus software across the globe, a product launch that comes amid mounting suspicion in the United States that the cyber firm is vulnerable to Russian government influence. Kaspersky Free was immediately available in the United ...

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Microsoft Paint is marked for death

  SAN FRANCISCO: Microsof announced the end of days for its pioneering Paint application as it focuses on software for 3-D drawing. Paint drawing and image processing software that made its debut in 1985 with the Windows operating system was among the applications listed as “removed or deprecated” in a ...

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Leaseholds could be banned for new houses

Developers could be banned from selling new-build houses as leaseholds to prevent homeowners being left with extortionate fees. More than four million people live in leasehold properties in England, giving them the legal right to occupy and use the property for a set period – usually 99 to 999 years. ...

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Michael Kors buying Jimmy Choo in £896m deal

LONDON: Luxury shoe brand Jimmy Choo is to be acquired by US fashion brand Michael Kors in an £896 million deal. London-listed Jimmy Choo put itself up for sale as part of a strategic review in April and on Tuesday Michael Kors said it is “the ideal partner” for the ...

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Akzo Nobel under pressure after missing profit forecast

BERLIN: Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro ($30.63 billion) takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations and said Chairman Antony Burgmans will resign at the end of his term in April 2018. Akzo said its ...

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Britain launches first phase of energy storage investment

LONDON: Business minister Greg Clark will launch the first phase of a 246 million pound investment into battery technology on Monday, part of the government’s industrial strategy to boost productivity and spread wealth in Britain. Prime Minister Theresa May published her government’s industrial strategy in January, putting forward proposals for ...

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Quorn to invest £150m in UK

LONDON: Meat substitute firm Quorn Foods plans to create 300 jobs and invest £150m over the next five years to boost production at its plant in Billingham, Teesside. The global meet-free brand which is headquartered in Stokesley, North Yorkshire, and has capitalised on growing consumer demand for diets containing less ...

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IMF downgrades US and UK growth

LONDON: The International Monetary Fund (IMF) has lowered its forecasts for US and UK economic growth this year, following “weaker-than-expected activity” in the first three months. The IMF says it now expects the UK to grow by 1.7% this year, compared with the 2% it was previously forecasting. The US ...

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Audi to recall 850,000 diesel cars to update emissions software

FRANKFURT: Luxury car maker Audi has launched a recall for up to 850,000 diesel-fuelled cars to update vehicle software controlling emissions in a bid to avoid potential driving bans, it said on Friday. The service is also being offered to Porsche- and Volkswagen- branded cars using the same six- and ...

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Pakistani taxi app offers ride with a marriage matchmaker

DUBAI: A Pakistan app-based taxi service has launched an unusual add on, offering passengers the chance to share their ride with a marriage matchmaker. Users in Pakistan woke on Friday to an unexpected notification from Careem – an Uber-like taxi hailing app popular in Muslim countries: Have a ‘rishta aunty’ ...

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